Studentloanconsolidationreviews.org RevealsTwo Best Options For Oklahomans Struggling With Student Debt
Oklahoma City, OK (PRWEB) September 18, 2014 -- Oklahoma is known – and rightly so – for the amount of the oil that's produced within the state. It was the home of 44,000 oil wells as of 2010 and its capitol grounds are unique because there is actually an oil well on them named Capitol Site No. 1. Another thing that's unique about Oklahoma is that the state's Boise City is the only city in the country that was bombed during World War II. What happened is that on Monday, July 5, 1943 a B-17 bomber based at Dalhart Army Air Base accidentally dropped six practice bombs on the little town.
Other good news for Oklahoma is that it’s unemployment rate is only 4.6% or nearly two points below the national average as of last April. However, 53% of its students did have to borrow money to fund their educations and recent graduates owe an average of $23,636.
It seems fairly clear why so many students had to get student loans to pay for their educations because of what college now costs. For example, one year for an in-state resident to attend the University of Oklahoma is now $20,49 or more than $80,000 for a four-year education.A year at Oklahoma State for an in-state resident is $18,886 though a year at Murray State College costs an in-state student just $14,969.
"It's difficult enough for a young person to get started in life post-college," said Studentloanconsolidationreviews.org spokesman Michael Smith, "without also having to worry about $23,000 or more in student loan debt. We decided to analyze the debt relief companies available to Oklahoma residents to determine which ones offered the best solutions. We found that the top two are National Debt Relief and SoFi (Social Finance Inc.).”
Studentloanconsolidationreviews.org also found that of these two options National Debt Relief was best. This was due to several factors not the least of which is how it provides student debt relief. Unlike SoFi, which provides student loans and student debt consolidation, National Debt Relief is able to offer its customers six different options for student loan repayment through the US Department of Education.
National Debt Relief’s Paul Ritz commented that, “We are not a loan or debt consolidation company. What we do for our clients is first analyze their finances including their earnings, debts, family size, potential future earnings and more. We review their student loan portfolios and compare their repayment plans versus the other programs available through the Department of Education. If we find a repayment program with better terms and a lower monthly payment than what they now have we recommend it to them. If they accept our proposal we prepare the paperwork necessary to get them into the new program. Of course, people can prepare this paperwork themselves but it is such time-consuming and difficult task that many of them choose to let our professionals do it for them.”
Studentloanconsolidationreviews.org also based its top rating of National Debt Relief on the fact that it charges its clients nothing if it is unable to find them a better repayment program. In addition, National Debt Relief has been in business since 2007 and has helped more than 100,000 American families and individuals find relief from their debts through debt settlement. The company has consistently maintained an A rating with the Better Business Bureau and offers excellent customer service as it can be reached by telephone (1-888-323-9006) at any time of the day of the week.
While Studentloanconsolidationreviews.org found a lot to like about SoFi it rated it down due to the fact it offers only student loans and student debt consolidation and because of its business model. SoFi is essentially a social organization that consists of a network of 550 colleges and universities. It makes loans only to students attending those schools or that are an alumnus of them. In addition, the loans are known as peer-to-peer as the money comes not from a financial organization but from the alumni of its member schools. "If what you need is a student loan or student debt consolidation loan, SoFi can be a very good choice," said Smith. "However, it does not offer the same options for debt repayment as does National Debt Relief as loans from SoFi have fixed terms and monthly payments and no option for changing repayment programs."
Residents of Oklahoma that are struggling to repay their student loan debts should go to the site http://www.Studentloanconsolidationreviews.org for more information on National Debt Relief and SoFi.
Jimmy Saver, Best Debt Consolidation Loans, http://www.bestdebtconsolidationloans.org/, +1 (877) 869-5111, [email protected]
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